Liberty Harley-Davidson Dealership in Rahway, New Jersey Sells to Hannum’s Harley-Davidson Group
April 6, 2016
Boasting two stories and totaling 25,000 square feet, sits Liberty Harley-Davidson in Rahway, New Jersey, owned and operated for twenty years by Tom and Lucy McTamney. “Our family engaged George Chaconas and Performance Brokerage Services to sell our dealership,” commented Tom McTamney, seller of the Liberty Harley-Davidson. He continued, “Although we thought this process would take a couple of years, within seven months, George had identified a buyer and had our dealership sold. George was always available, very professional and guided us through a highly emotional and stressful process.”
After the successful sale, Tom and Lucy McTamney posted on their website, “We would like to take this opportunity to announce that Lucy and I have decided to retire! But don’t worry, we’re leaving Liberty in the very capable hands of Tommy Hannum, owner of 3 locations in Pennsylvania! This will be his first foray into New Jersey, so we hope you’ll give him a warm welcome.”
Tom Hannum III operates Hannum’s Harley-Davidson, a family owned Harley-Davidson dealership group established in 1955 with three stores in Chadds Ford, Sellersville and Media, Pennsylvania, and now their first in New Jersey. “Our eyes are always open to new opportunities and the passion for Harley-Davidson in this area is undeniable,” shared Tom Hannum III. Only 14 months ago, Hannum purchased the dealership in Sellersville, and was advised by George Chaconas and Performance Brokerage Services. Following the purchase, Tom Hannum stated, “Congratulations to Tom & Lucy McTamney on a well-deserved retirement after so many successful years at Liberty. Hannum’s is proud to accept this family dealership into our own.”
The dealership will continue to operate at its current location at 12 West Milton Avenue in Rahway, New Jersey 07065. The dealership will re-open for business on Friday, March 18 with grand opening events and festivities already planned for early summer.
George C. Chaconas, the exclusive agent for this transaction and the head of the National Harley-Davidson and Powersports Division for Performance Brokerage Services commented, “It brings me much satisfaction to have assisted Tom and Lucy McTamney with accomplishing their business goals and helping them to retire after so many years. I also feel privileged to continue to be a factor in Hannum’s growth and wish them tremendous success with their recent acquisition.”